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20121205
20121205
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are rising fastest, among them states where housing was hardest hit, nevada, california, florida and michigan. >> hi, david. >> reporter: in ann arbor the evangelista family gave us a tour of their newly built home. >> this is my absolute favorite spot. >> reporter: another bright spot, the nation's biggest home builder, toll brothers, reporting tonight orders rising sharply. the evangelistas' home is one of them, and tonight they told us the number one reason why. >> the mortgage rates were so low, it was the best buy. it's a steal. >> reporter: a steal, he says. behind it, dynamics and historic lows for mortgage rates, and homeowners beginning to put their homes on the market. a low inventory and right now much of the country dealing with rock bottom prices. diane, i was reading today in orlando alone, inventory at seven-year lows, home owners begin to come back on the market, good news because there are buyers waiting for their homes. >> great news and on that hard-hit street, what a turnaround. >> great to go back. >> thanks, david. >>> now, from the hot housing market to the heat, period
in their homes by sunday. good luck with that. bill: from a cash-strapped detroit, michigan. we shared this with you last hour. this is city council member pleading on behalf of the white house to deliver the goods for detroit to help it out with, help the city out with its current economic situation. have a listen to what was said in part and we'll explain more. >> after the election of jimmy carter mayor coleman alexander young, he went to washington, d.c. he came back with some bacon. that's what you do. that's what you do. this is, our people in after overwhelmingly supported the re-election of this president. there ought to be a quid pro quo and you also exercise leadership on that. of course not just that but why not? bill: so this is something that is being debated today. we talked about it last hour with stuart varney. what stuart's point was, if you start with detroit where do you end? if you go west into illinois, further west into california there is economic trouble all over the american landscape. martha: once you start pulling on the string a whole lot will fall apart. bi
. houston, texas, breaking a record yesterday of 83 degrees. delaware, georgetown, 73. flint michigan, 65 degrees, all going do come to an end. we have a pattern shift on the way. all of the cold air has been bottled up across canada but a dip in the jet stream and the cold air is going to spill southward so temperatures in the 20's and 30's tonight and into the weekend as things start to change and it feels more seasonal. trace? >>trace: back to normal, good to see you. >> president obama is preparing to ask congress for additional emergency aid money for victims of super storm sandy. the final price tag is $50 billion. that is according to multiple sources in washington, dc but the states hardest hit asked for more, new york, new jersey and connecticut have asked for $82 billion in aid as lawmakers debate spending cuts linked to the upcoming fiscal cliff. the deadly storm destroyed or otherwise damaged hundreds of thousands of homes and businesses knocking out power to millions of people along the northeast coast. be careful what you say in front your television because one day soon it
, states where housing was hardest hit, nevada, california, florida, michigan. another bright spot, the nation's biggest homebuilder, toll brothers, reporting orders rising sharply. >> the mortgage rate, the best time. a steal. >> reporter: david muir, abc new, new york. >> look at the fact that the housing collapse in this country was one of the reason we went into recession, the hard-hit states, primarily florida, nevada, california. it's good to see the states bouncing back. a lot of good news in there. hope a soon of things to come. things get back to somewhat normal after the, the recession continues to ease. that's good news. worth highlighting. >> mortgage rates at historic lows. you have to get your home to appraise for more than what you paid for it. ideally. >> ideally. no. you have to. you can't be upside down. you cannot refinance. >>> also on the upswing, the number of women in some of the country's best paid, most prestigious jobs. new numbers show that women -- let's hear it for the ladies -- now account for a third of doctors and lawyers making huge strides. >> yip,
Search Results 0 to 3 of about 4